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Frank Henry is working as a top-level manager of a reputed corporation for the past five years. He has recently taken extra monetary benefits from

Frank Henry is working as a top-level manager of a reputed corporation for the past five years. He has recently taken extra monetary benefits from the corporation, which means he has placed his personal goals ahead of the corporations goals (i.e., stock price maximization). The shareholders of the corporation worried about the future prospects of the corporation. What actions can you suggest as a consultant to the shareholders so that the manager will act on behalf of the shareholders, and pursue the shareholders wealth maximization goal? Besides, as a consultant, suggests some actions for the managers which they should take to maximize the shareholders wealth. Explain

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